News
Singapore's big three banks to average 38% fall in Q1 earnings: analyst
Singapore's big three banks to average 38% fall in Q1 earnings: analyst
Margins are expected to shrink 6-10 bps compared to Q4 2019.
Sumitomo Mitsui Financial Group to halt funding for coal plants
This marks the 18th global financial institution to exclude coal for funding in 2020.
A third of Malaysians will have digital-only bank accounts by 2025
About 4.7 million adult locals currently have a digital-only account.
A third of Hong Kong adults to have digital bank accounts in 2025: study
Currently, only 16% or 999,000 people own one.
Malaysian banks stick with dividend payouts
The regulator has yet to order a delay in doing so.
Economic woes fuel pressure on COVID-hit Japanese banks: Fitch Ratings
Asset quality will likely decay faster than estimated, impeding efforts to sustain profits.
Chart of the Week: India's fintech investments grew 19.1% in 2015-2019
In 2019, local firms raised $5.1b in total from 154 deals.
Weekly Global News Wrap: Global investment banks may consolidate; EU banks' profits still vulnerable despite buffers
And JPMorgan and Wells Fargo record steep Q1 profit declines.
Sri Lankan banks face medium-term deterioration
Weaker profitability will weigh on capitalisation.
Singapore regulator defers digital bank licence review to H2 2020
It had earlier planned to announce the successful applicants in June.
HSBC shareholders mull action after dividend payout scrapped
British regulators earlier told the bank to preserve capital as buffers.
Singapore banks urged to use capital buffers
The regulator has eased funding requirements to allow for more losses.
Singapore regulator injects $125m to support finance firms
It will support workforce training, operations and access to digital tools.
Chart of the Week: Pandemic spurs digital payment take-up in Singapore
Electronic payments are expected to take up 61% of transactions by 2023.
Japan's banks exposed to higher property risk as buffers dwindle
Property prices may collapse if supply exceeds actual demand.
Weekly Global News Wrap: US Fed to grant funds vs payroll loans; Germany ‘worried' if banks can survive economic crisis
And Wells Fargo caps coronavirus relief at $10b.
Singapore monetary board relaxes regulations for COVID-hit banks
Banks can now adjust their capital buffers to support lending activities.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Japan’s SMBC invests in biotechnology fund 3. Metrobank names Renato De Borja, Jr. as head of financial & control sector 4. PBCOM appoints new treasury trading team head 5. IndoStar gains approvals to sell Niwas Housing Finance for $203.7mResource Center
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